First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,344 shares, a decrease of 61.9% from the May 14th total of 14,025 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 797 shares, the days-to-cover ratio is presently 6.7 days.
Hedge Funds Weigh In On First Trust Bloomberg Inflation Sensitive Equity ETF
A hedge fund recently bought a new stake in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC purchased a new position in First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned approximately 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF at the end of the most recent reporting period.
First Trust Bloomberg Inflation Sensitive Equity ETF Price Performance
First Trust Bloomberg Inflation Sensitive Equity ETF stock traded up $0.29 during mid-day trading on Friday, reaching $28.31. The stock had a trading volume of 94 shares, compared to its average volume of 3,032. The company has a market capitalization of $4.25 million, a price-to-earnings ratio of 17.44 and a beta of 0.65. The company has a 50-day moving average price of $27.90 and a two-hundred day moving average price of $25.87. First Trust Bloomberg Inflation Sensitive Equity ETF has a one year low of $21.11 and a one year high of $29.25.
About First Trust Bloomberg Inflation Sensitive Equity ETF
The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.
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